Container exports down in March

March failed to live up to the season's standard export level, as container exports fell, according to the lastest numbers from Container Trades Statistics.

Photo: Hanjin

The global economic downturn also affects ocean freights, where container exports compared to last year fell by 1.67 percent, to 10.945.700 teu, which is below the shipping companies' seasonal expectations, according to the latest numbers from Container Trades Statistics (CTS).

The total export from Asia, including Intra-Asia, to all overseas markets fell by 2.71 percent, to 5.989.900 teu, compared to March of last year. According to CTS, the declining exports to Europe, in particular, can be related to unusually long period of cold weather, which lowered buyers' consumption, according to the official retail figures for March.

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